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Sequencing bilateral negotiations with externalities

Münster, Johannes; Reisinger, Markus - 2021

We show that ﬁnancial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on...

Persistent link: https://www.econbiz.de/10012548849

Chapter 3. Property Rights, Public Goods and the Environment

Starrett, David A. - In: Handbook of environmental economics : volume 1, …, (pp. 97-125). 2003

We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...

Persistent link: https://www.econbiz.de/10014023942

Coalition formation in games with externalities

Montero, María - 2021

This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … strong condition, the equilibrium coalition structure is not necessarily efficient. There may be multiple equilibria even in … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …

Persistent link: https://www.econbiz.de/10012650908

Stationary equilibria in bargaining with externalities

Björnerstedt, Jonas; Westermark, Andreas - 2008 - rev.

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …

Persistent link: https://www.econbiz.de/10010128002

Contributing or free-riding? : voluntary participation in a public good economy

Furusawa, Taiji; Konishi, Hideo - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 2, pp. 219-256

. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …

Persistent link: https://www.econbiz.de/10011694996

Capacity choice of dams under rivalry use and externalities

Houba, Harold; Kim Hang Pham Do; Zhu, Xueqin - 2014

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

Persistent link: https://www.econbiz.de/10010421750

Controlling externalities in the presence of rent seeking

Mackenzie, Ian A. - 2009

investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when … consumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …

Persistent link: https://www.econbiz.de/10008735783

Externality assessments, welfare judgments, and mechanism design

Daske, Thomas - 2017

How agents assess the (in-)tangible externalities that others might impose on them can strongly influence strategic … externalities, are all subject to asymmetric information; utility is quasi-linear and transferable. An allocation rule will be …-balanced transfers if and only if it maximizes the sum of private payoffs exclusive of externalities. The corresponding mechanism is …

Persistent link: https://www.econbiz.de/10011773839

Assignment Games with Externalities

Gudmundsson, Jens; Habis, Helga - 2013

We introduce externalities into a two-sided, one-to-one assignment game by letting the values generated by pairs depend … that a stable outcome in an assignment game with externalities always exists if and only if all pairs are pessimistic …

Persistent link: https://www.econbiz.de/10013208655

Transaction Costs can Encourage Coasean Bargaining

Robson, Alex - Volkswirtschaftliche Fakultät, … - 2012

When there are three parties, it is well known that the Coase Theorem may not hold even when there are no transaction costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the standard Coasean bargaining game involving three...

Persistent link: https://www.econbiz.de/10011107924